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The $10,000 First Homes Owners Grant cap will also increase from $750,000 to $800,000.

Topic: generalRegion: asia pacificUpdated: i1 outletsSources: 1Spectrum: Left OnlyFiltered: Asia (1/1)· Clear⏱ 2 min read
📰 Scored from 1 outletsacross 1 Left How we score bias →
Story Summary
SITUATION
WA news LIVE: First Home Buyer exemptions increased as Perth property prices soar With Perth property price growth leading the nation and the median house price now more than $1 million, the state government has lifted the first home buyer stamp duty exemption from $700,000 to properties valued at $800,000 or less. The changes were announced today, just hours before Premier Roger Cook prepares to hand down the 2026/27 State Budget.
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Spectrum: Left Only🌍Asia: 1
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i1 outlets · Center
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Left: 1
Center: 0
Right: 0
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i1 unique outlets · Dominant: Asia
KEY FACTS
  • It is the third time the state government has increased the stamp duty exemption cut off, with this most recent time increasing it by $100,000.
  • Those who buy or build a home for $600,000 or less will pay no stamp duty, while stamp duty concessions will be available for homes up to $800,000.
HISTORICAL CONTEXT

This development falls within the broader context of General activity in Asia Pacific. Current reporting indicates: It is the third time the state government has increased the stamp duty exemption cut off, with this most recent time increasing it by $100,000.

The changes, worth $297 million, are expected to deliver savings of up to $22,515 to people buying a new or established home, and up to $25,390 when building a home. Those who buy or build a home for $600,000 or less will pay no stamp duty, while stamp duty concessions will be available for homes up to $800,000.

Brief

WA news LIVE: First Home Buyer exemptions increased as Perth property prices soar With Perth property price growth leading the nation and the median house price now more than $1 million, the state government has lifted the first home buyer stamp duty exemption from $700,000 to properties valued at $800,000 or less.

The changes were announced today, just hours before Premier Roger Cook prepares to hand down the 2026/27 State Budget.

Sources
1 of 1 linked articles · Filter: Asia